Skip to main content

Tighter supplies on spring asparagus


Overview of the asparagus season by Craig Rolandelli of JMB Produce, complemented by charts from Agronometrics.



Original published in FreshPlaza.com on May 5, 2020

Asparagus is seeing lighter volume currently.

“There are extremely light supplies out of Mexico and Peru. California asparagus is going strong and has very good volume right now. But California can’t make up for the lack of Mexican supply,” says Craig Rolandelli of San Ramon, Ca.-based Jacobs, Malcolm & Burtt (JMB), noting California will go until mid-May. “Supply volume will also go up after mid-May when the Guanajuato area of Mexico gets started.”

While lighter volume tends to come from Mexico at this time of year, Rolandelli says it seems lighter than normal. “It’s been going on for about two weeks which has caused markets to go up significantly,” he says.

Volumes (in LB) of asparagus from Mexico in the US Market


Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

On demand, it has been very strong for California asparagus. But overall demand has been flat for some time now. “There was no big Easter pull this year due to COVID-19. We’ve also lost foodservice and export business has been way down, particularly to Asia,” he says. In addition, when supermarkets began culling their SKUs to contend with the panic shopping that was overwhelming grocery stores in late March, while green asparagus stayed in stock, Rolandelli says some of the specialty SKUs such as organic and purple asparagus had been reduced.

Pricing push

Yet, pricing is strong currently on asparagus. “11 lb. boxes in the past week and going into Mother’s Day are in the mid $30 range,” says Rolandelli, noting the markets are generally up around this time of year. Last year at this time, conventional asparagus was between $20.90-$24.90.

Prices (in USD) of 11 lb. boxes asparagus in the US market


Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

Meanwhile Jacobs, Malcolm & Burtt has recently launched a new website (www.jmb-produce.com) which includes features such as the company’s growing regions and availability on its products. The launch coincides with the upcoming summer asparagus program which comes from Central Mexico. The company anticipates increasing both its conventional and organic supplies with new acreage coming online over the next year which will add to the over 4,000,000 cases of asparagus the company ships annually.

The News in Charts is a collection of stories from the industry complemented by charts from Agronometrics to help better tell their story.

Access the original article with this (Link)

Comments

Popular posts from this blog

Avocados In Charts - Prices are falling and why are they likely to settle below 2018

Agronometrics has often spoken about what is to come and how the market could be affected. We hold a strong belief in being able to look at objective data can help navigate complicated scenarios. The recent spike in prices that avocados have seen is an example of one of these scenarios, catching many by surprise at a time of the year where we had never seen movements like this before. This can be seen in the chart below where the 2019 line has towered above all other prices since Sept. 2017 and every price recorded for June in the last five years.

Historic Hass Avocado Prices


Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)
Comparing the volumes of this year to the last can offer some insight as to how these prices have come about. Considering the prices were almost flat last year, the volume data serves as a great benchmark to understand where customers expectations lie.

In this year’s data, an important oversupply can be …

The table grape industry is in uncharted territory right now

Overview of the potential impact of COVID-19 on future grape supply and price, by Ira Greenstein of Direct Source Marketing, complemented by charts from Agronometrics.



Original published in FreshPlaza.com on March 24, 2020

While the Chilean and Peruvian grape seasons are winding down and their weekly volumes are decreasing, the table grape industry has seen an uptick in demand in the past weeks. This is partially a result of the high retail movements due to the coronavirus panic-shopping of the past few weeks. Ira Greenstein of Direct Source Marketing says: “A month ago, importers had a real concern that the industry wouldn’t be able to move through the condensed volumes and huge inventories would be sitting in cold storages. That sentiment has completely reversed with substantially increased retail demand due to the COVID-19 pandemic.”

With the lower volumes but increasing demand, the cold stores are rapidly being depleted and spot market pricing is expected to continue to increase, …

Price Alerts! are here for all

As we bring price alerts to Agronometrics we thought we would pen a piece on our thinking behind the service as well as the methodology for it.

The idea for the Alerts arose from our conversations with the industry, where several people expressed high interest in knowing when there are important changes in the market prices that could affect their business.

This impetus created the Price Alerts! service, whereby we monitor daily average prices of every commodity on our platform, so that you don’t have to. As soon as the difference in price reaches a certain threshold you get an email alerting you of said price change. You can take a look at our sample report through this link (US Avocado Price Alert!)

In order not overflow our users with these email alerts, we have used some fancy statistical analysis and determined the required values so as to send some 12 alerts per year for each commodity. In the table below you will find the list of commodities along with their estimated limits t…